You have probably heard it several times before. I’m also pretty sure, that you have read it once or twice, maybe printed on mugs, bags and t-shirts.
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inventory sampling
QVC, which stands for Quality, Value & Convenience, was founded in 1986. The company sold its first product, a Windsor Shower Companion, during a live TV broadcast
- GeneralInventory management
3 Misconceptions about Statistical Inventory Sampling
by David Weaverby David WeaverKnowing what is on hand in a particular warehouse at a given point in time is of utmost importance. That is why stocktaking procedures should not be taken lightly. As …
- Inventory management
Stop thief! How inventory sampling can prevent inventory shrinkage
by Kai Keppnerby Kai KeppnerA few weeks ago, the story of a high-profile theft made the headlines. Ms. Lederhaas-Okun, a former executive at the internationally renowned jewelry company, Tiffany & Co., was accused of …
Over the past few months on this blog, we have sporadically covered the complex topic of statistical inventory sampling. After a brief introduction to this highly effective and accurate counting …
- GeneralInventory management
What could going bald possibly have to do with counting inventory?
by Kai Keppnerby Kai Keppner…well nothing really, but it serves as a great analogy for the sequential testing method for counting inventory. There are approximately 100,000 hairs on the average human head. Although this …
- Inventory management
How Signore Pareto’s peas can help you count your inventory
by Kai Keppnerby Kai KeppnerVilfredo Pareto was a renowned Italian engineer, economist and sociologist. Given his success in these diverse fields, it is not surprising that his passion for gardening is often overlooked. However, …
- Inventory management
Counting inventory the easy way…is it really possible?
by Kai Keppnerby Kai KeppnerNo doubt many of you at some point or another have taken part in stocktaking. Given the promise of reasonable money for relatively little work, counting inventory tends to be …
Are you overwhelmed with your yearly stocktaking procedure? When it comes to stocktaking, it is important that the process is efficient, precise, and above all, cost-effective. Inventory sampling makes this …